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The Three R s of Risk Management
Author(s) -
Irias Xavier
Publication year - 2019
Publication title -
journal ‐ american water works association
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.466
H-Index - 74
eISSN - 1551-8833
pISSN - 0003-150X
DOI - 10.1002/awwa.1343
Subject(s) - robustness (evolution) , risk analysis (engineering) , risk management , reliability (semiconductor) , adaptation (eye) , business , resilience (materials science) , computer science , environmental resource management , environmental economics , economics , finance , psychology , biochemistry , chemistry , power (physics) , physics , quantum mechanics , neuroscience , gene , thermodynamics
Key Takeaways Reliability, robustness, and resilience are concepts that can raise the level of discourse and improve risk communications and risk management. Risk affects water utilities in various contexts, such as selection of long‐term strategies for capital investments or climate adaptation. The water industry needs risk management solutions that strive for reliability and robustness and are informed by the concept of resilience.